ISET

ISET Economist Blog

A blog about economics in the South Caucasus.
Mariam Katsadze has not set their biography yet
Mar
27

Regional Impacts of COVID-19 Shock to HORECA Sector

The outbreak of the virus and the corresponding containment measures have started to severely affect the global economy. The Organization for Economic Co-operation and Development (OECD), in its Interim Economic Outlook Report (2020) on March 2nd downgraded 2020 real GDP growth projections for almost every country. The largest reduction in growth projections is seen for China (-0.8 percentage points) with worldwide real GDP growth rate expected to decline from 2.9% (November 2019 forecast) to 2.4%. In their report on March 6th, Asian Development Bank (AD...
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Jan
31

Recent Monetary Policy Measures and Lending Regulations — the Effect on Georgian Lending Patterns

High and rising levels of foreign currency indebtedness have been an important topic in Georgia over the past several years. To address this issue and protect borrowers from currency risks, the National Bank of Georgia (NBG), as well as the Georgian Government have implemented regulations to hinder excess indebtedness. Let’s have a look at the timeline (Figure 1) of recent lending regulations and the accompanying monetary policy measures and observe their impact on changing lending patterns in the Georgian economy. Figure 1. Timeline of lending regulatio...
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Mar
22

One Small Step for a Man, Big Data for Mankind: Uses of Alternative Data Sources in Tourism Development

There are many mesmerizing buildings in Tbilisi, but do you know which one tourists favor the most? Or have you ever wondered what travelers’ favorite Georgian food or wine is? Thanks to modern tools and data-gathering methods, we now have actual proof that khachapuri is tourists’ all-time favorite Georgian dish. In 2018, the Georgian National Tourism Administration (GNTA), along with Communication Agency Windfor’s, launched a campaign called  “Emotions are Georgia” to determine what foreign tourists admire the most in our beautiful country and whic...
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